1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Greeley [361]
3 years ago
13

(Learning Outcome 2) Watson Plumbing performed plumbing services for ABC Daycare on account for $565. How will this transaction

affect ABC Daycare's accounting equation?
Business
1 answer:
Strike441 [17]3 years ago
7 0

Answer:

ABC Daycare

Effect of Performing Plumbing Services on account on the Accounting Equation:

Assets (Accounts receivable) will increase by $565 and Equity (Retained Earnings) will equally increase by $565

Explanation:

a) Data and Analysis:

Accounts receivable $565 Service Revenue $565

The accounting equation that equals assets to liabilities and equity is always true at all times and with every correctly posted transaction.  It implies that assets are financed through the contributions made by either the owners (equity) or the creditors (debts), or a combination of the two.  This equation forms the basis for the double-entry system of financial accounting.

You might be interested in
Mention the required qualification to become a section officer.​
Dmitrij [34]

The minimum required qualification to become a section officer is the Bachelor's Degree from the prestigious University with at least 50% marks.

<h3>Who is a section officer? What is the qualification needed to become a section officer?</h3>

A section officer is any person appointed to the initial position of the government who handles the position of in-charge of a section, branch, or sub branch.

The qualification needed to become a section officer is bachelor's degree from the recognized university in any course.

One must have to clear the Inter-Department Test which is conducted by the UPSC to become a section officer.

Learn more about how to become a section officer here:-

brainly.com/question/4227886

#SPJ1

8 0
2 years ago
Cups of coffee of milk tea are substitutes. assume both have in elastic demand. Suppose exceptionally good weather increases the
nata0808 [166]

Answer:

In that situation, the demand of the Milk tea will fall.

Explanation:

In businesses subtitles are the type of products that serve a similar purpose but generally less favorable. You use substitutes as a second product when you somehow cannot use the first/main product.

In the example above,

Let's say that Coffee is people's favorite beverages. They like it better than milk tea. But, if they don't have enough money to buy their favorite coffee, they sometimes have to exchange it and settle with milk tea.

When weather increases the harvest of the coffee bean crop, the price of coffee will most likely fall down due to the abundance in resource.

When this happen, there will be lesser people who use the substitute product. in the end, the demand for the milk tea will fall.

8 0
3 years ago
Someone please help!!!
Vitek1552 [10]

Answer:

Dollar Tree = $5,643

Target = $11,297

Explanation:

For dollar tree, using the given equation:

13,501 = 7,858 + stockholder's equity

Stockholder's equity = 13,501 - 7,858

= $5,643

For target, using the given equation:

41,290 = 29,993 + stockholder's equity

Stockholder's equity = 41,290 - 29,993

= $11,297

5 0
3 years ago
Which phrase best describes a function
Nata [24]

It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.

Hope this helps!

5 0
4 years ago
A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr
MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

Learn more about allocation base here

brainly.com/question/26475885

#SPJ4

3 0
2 years ago
Other questions:
  • At May 1, 2022, Nash's Trading Post, LLC had beginning inventory consisting of 220 units with a unit cost of $5. During May, the
    9·1 answer
  • A(n)__________ is a team intentionally composed of employees from different departments of an organization.
    13·2 answers
  • The Market Section of a marketing plan contains all of the following subsections except ________.
    12·1 answer
  • If the kitchen in an operation has sewage backup the manager should
    6·1 answer
  • One way service businesses communicate a higher level of service quality to their customers is by having their employees be clea
    8·1 answer
  • A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. cu
    14·1 answer
  • 1.1
    12·1 answer
  • The Central Publishing Company is about to publish its first reference book in managerial economics. It is now in the process of
    7·1 answer
  • Not to sure abt my ans.. i need some confirmation lol
    9·1 answer
  • In relation to the time value of money, what is interest?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!